Saturday, February 19, 2011

House defies Obama by passing spending-cut bill

The House of Representatives on Saturday approved legislation to cut federal spending deeply through September, a plan that is sure to be stopped by President Barack Obama and his fellow Democrats in the Senate. The Republican-backed bill is a challenge to Obama to show he is serious about closing record budget deficits and sets up the possibility of government shut downs if a compromise is not worked out by March 4, when current funding expires.

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